EverQuote (NASDAQ:EVER) Price Target Raised to $29.00

EverQuote (NASDAQ:EVER) had its price objective boosted by JPMorgan Chase & Co. from $25.00 to $29.00 in a report issued on Tuesday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

Several other equities research analysts have also recently weighed in on EVER. Canaccord Genuity Group dropped their price target on shares of EverQuote from $35.00 to $30.00 and set a “buy” rating for the company in a research report on Monday. Needham & Company LLC raised their target price on EverQuote from $30.00 to $38.00 and gave the stock a “buy” rating in a research note on Tuesday. B. Riley reduced their price target on EverQuote from $36.50 to $29.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Finally, Raymond James upgraded EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 price objective for the company in a report on Thursday, December 26th. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, EverQuote currently has a consensus rating of “Buy” and an average price target of $32.33.

EverQuote Stock Performance

Shares of EverQuote stock opened at $25.78 on Tuesday. EverQuote has a 52-week low of $14.28 and a 52-week high of $28.09. The company has a fifty day moving average of $20.25 and a 200-day moving average of $20.17. The stock has a market capitalization of $911.35 million, a price-to-earnings ratio of 75.82 and a beta of 0.96.

EverQuote (NASDAQ:EVER) last released its earnings results on Monday, February 24th. The company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.18. The company had revenue of $147.46 million during the quarter, compared to analyst estimates of $133.83 million. EverQuote had a return on equity of 13.94% and a net margin of 3.31%. On average, equities research analysts forecast that EverQuote will post 0.72 earnings per share for the current fiscal year.

Insider Activity

In related news, CTO David Brainard sold 14,590 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $17.44, for a total value of $254,449.60. Following the sale, the chief technology officer now owns 137,291 shares in the company, valued at $2,394,355.04. This represents a 9.61 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director John L. Shields sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $20.00, for a total value of $40,000.00. Following the transaction, the director now directly owns 28,515 shares of the company’s stock, valued at approximately $570,300. This trade represents a 6.55 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 63,806 shares of company stock worth $1,262,374. Corporate insiders own 29.79% of the company’s stock.

Hedge Funds Weigh In On EverQuote

Large investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in shares of EverQuote by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 2,016,712 shares of the company’s stock valued at $40,314,000 after buying an additional 24,347 shares during the last quarter. Toronado Partners LLC lifted its position in EverQuote by 59.7% in the 4th quarter. Toronado Partners LLC now owns 718,774 shares of the company’s stock valued at $14,368,000 after acquiring an additional 268,670 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in EverQuote by 32.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 654,152 shares of the company’s stock valued at $13,076,000 after purchasing an additional 161,426 shares during the last quarter. Emerald Advisers LLC increased its holdings in shares of EverQuote by 165.8% in the 3rd quarter. Emerald Advisers LLC now owns 640,032 shares of the company’s stock worth $13,498,000 after purchasing an additional 399,257 shares in the last quarter. Finally, Divisadero Street Capital Management LP purchased a new position in shares of EverQuote in the fourth quarter worth $12,311,000. Hedge funds and other institutional investors own 91.54% of the company’s stock.

EverQuote Company Profile

EverQuote, Inc operates an online marketplace for insurance shopping in the United States. The company offers auto, home and renters, and life insurance. The company serves carriers and agents, as well as indirect distributors. The company was formerly known as AdHarmonics, Inc, and changed its name to EverQuote, Inc in November 2014.